Oberoi Realty Limited (OBEROIRLTY) Stock - Complete Technical Analysis - Sep 04, 2024

Oberoi Realty Stock Analysis: Key Support, Resistance Levels

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Oberoi Realty Limited (OBEROIRLTY) is currently trading around 1,784. Looking at the technical indicators, the stock shows a mixed technical picture. The Average Directional Index (ADX) is relatively low, indicating a weak trend. The Relative Strength Index (RSI) is at 54.5, suggesting that the stock is neither overbought nor oversold. The MACD is negative, which may hint at bearish momentum, while the Awesome Oscillator also reflects a bearish trend.

Support levels are around the 1,755 to 1,765 range, as seen in various pivot points and moving averages. Resistance appears to be clustered around 1,780 to 1,790. Moving Averages (MAs) are somewhat aligned, with the short-term MAs (10, 20) slightly above the current price, and longer-term MAs (50, 100, 200) below, indicating possible support zones at lower levels. The Hull Moving Average and Ichimoku Base Line are both near the current price, which might provide immediate resistance or support.

The Commodity Channel Index (CCI) and Williams Percent Range are in positive territory, suggesting a bullish short-term outlook. The Stochastic Oscillator is near the overbought zone, hinting that the stock may face some selling pressure soon. The Average True Range (ATR) suggests moderate volatility, so traders should be prepared for potential price swings. Overall, traders should watch the 1,755 to 1,765 support area and the 1,780 to 1,790 resistance zone closely, as these levels could indicate future price movements.